20 February 2019

Tianjin eases income ceiling for fixed-price homes, Xinhua says

Tianjin will ease the income threshold for fixed-price home applicants starting December, lifting the per capita annual limit for each person in the household to 45,000 yuan (US$7,384.51) from the present 30,000 yuan, Xinhua reported late Wednesday, citing the outcome of a government meeting. Other thresholds for applicants will remain unchanged. The number of eligible families will increase by about 55 percent to 49,000 by the end of 2015. The city expects to have 65,000 fixed-price units come on stream annually by that time, the report added. Fixed-price projects are those in which developers bid to build housing to be sold at a government-set price.

– Contact HKEJ at [email protected]



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